Caisse DE Depot ET Placement DU Quebec Invests $17.12 Million in Crocs, Inc. (NASDAQ:CROX)

Caisse DE Depot ET Placement DU Quebec bought a new stake in Crocs, Inc. (NASDAQ:CROX) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 118,238 shares of the textile maker’s stock, valued at approximately $17,122,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its holdings in shares of Crocs by 55.8% in the third quarter. Crossmark Global Holdings Inc. now owns 40,192 shares of the textile maker’s stock valued at $5,820,000 after acquiring an additional 14,387 shares during the period. Meeder Asset Management Inc. boosted its stake in Crocs by 585.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 24,349 shares of the textile maker’s stock worth $3,526,000 after purchasing an additional 20,797 shares during the period. Catalyst Capital Advisors LLC boosted its stake in Crocs by 2,775.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,908 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 7,633 shares during the period. Aigen Investment Management LP purchased a new position in Crocs during the 3rd quarter worth $2,024,000. Finally, International Assets Investment Management LLC acquired a new position in Crocs in the third quarter valued at $2,076,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the topic of a number of research reports. KeyCorp lowered their price target on Crocs from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Barclays dropped their target price on Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. UBS Group lowered their target price on shares of Crocs from $146.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and reduced their price target for the company from $150.00 to $110.00 in a report on Thursday, November 7th. Finally, Williams Trading raised Crocs from a “hold” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $163.00 in a report on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Crocs has an average rating of “Moderate Buy” and a consensus target price of $148.80.

Crocs Price Performance

Crocs stock opened at $105.60 on Monday. The firm has a market capitalization of $6.15 billion, a PE ratio of 7.66, a P/E/G ratio of 1.07 and a beta of 2.01. Crocs, Inc. has a 52 week low of $85.71 and a 52 week high of $165.32. The firm’s 50-day simple moving average is $121.89 and its 200 day simple moving average is $134.50. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.82.

Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Tuesday, October 29th. The textile maker reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.50. Crocs had a net margin of 20.50% and a return on equity of 49.70%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $3.25 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that Crocs, Inc. will post 12.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Susan L. Healy acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average price of $99.70 per share, for a total transaction of $99,700.00. Following the transaction, the chief financial officer now owns 22,652 shares in the company, valued at $2,258,404.40. This trade represents a 4.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Replogle bought 2,240 shares of Crocs stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price of $112.60 per share, for a total transaction of $252,224.00. Following the completion of the acquisition, the director now owns 9,304 shares in the company, valued at $1,047,630.40. This represents a 31.71 % increase in their position. The disclosure for this purchase can be found here. 2.72% of the stock is currently owned by company insiders.

Crocs Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.